Angel Commodities expect sugar prices to trade sideways

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Angel Commodities’ reports about Sugar

Sugar Futures shut lower for the second back to back session on reports that US sugar plants offering huge volumes of sugar in the physical market while government is thinking about sut of sugar import obligation. In addition, the domestic utilization of white sugar might be during this time for the most part because of demonetization and decrease of interest from the mass purchasers.

Standpoint

We anticipate that sugar costs to trade sideways as there is adequate supplies in the close term as sugar plants keep on selling sugar to control local costs. In addition, bring down creation assessed this season and suspicion of increment sugar request amid summer may bolster cost.

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